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· UNITED STATES · US:CVX ·

Chevron

$208.60
-1.3% today
+36.0% 1Y
$416.2bn · Oil & Gas Integrated
Get the deep research · $99
RESEARCH ON THIS COMPANY

We have researched Chevron. The verdict, the fair value and the argument behind them are available to Premium members.

A PrimerIQ deep dive is a full research report on the company and everything around it — not a summary of one annual report. It covers:

  • the filings
  • the competitors
  • the news
  • the wider industry
  • the economy it sits in
  • the regulatory backdrop
  • a full model and a fair value with sensitivities

You get a bear, base and bull case with the assumptions behind each, the price we think it is worth, and the specific things that would break the thesis.

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ASK ABOUT CHEVRON

Put a question to the analyst and get an answer grounded in this company's own filings and our research — "what breaks the thesis?", "how much of profit goes to interest?"

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Financial statements Reported in USD

Financials

Annual financial statements as reported, going back as far as the data allows.

Units: $millions unless noted
Trend · the chart follows the statement you pick
Income statement
$m202020212022202320242025TTM2026E
Source: company annual reports
Balance sheet
$m202020212022202320242025TTM2026E
Source: company annual reports
Cash flow
$m202020212022202320242025TTM2026E
Source: company annual reports
Profitability & returns
202020212022202320242025TTM2026E
Computed from the statements aboveE = PrimerIQ estimate
Insider dealing & ownership

Insiders

Who bought and sold, at what price, and how much of their own holding it was — from SEC Form 4 and UK PDMR notifications, with each insider's last-reported position and disclosed major holders.

FLASH THESIS — NOT A DEEP DIVE

A fast, high-level read of the filings and the sector — deliberately thin to surface ideas cheaply. Deep research has NOT been performed. Many ideas look great in flash, but deep dives often uncover thesis-breaking details that flash reads have missed. Please run a full deep dive before any investment decision.

Valuation

Chevron — the full valuation model

This company has been valued on Reinvestment-consistent DCF, with a year-by-year forecast, the cost of capital built up from the risk-free rate, a bear/base/bull scenario set and a sensitivity grid. The fair value and the scenario range are on the Overview; the workings behind them — every driver, rate and sensitivity — are Premium.

Public comps (how the market prices the nearest comparable businesses)

The 6 investable Oil & Gas Integrated industry peers closest in size, largest first. Market caps are shown in USD so the set compares like with like; the multiples are currency-neutral. The median is taken across the PEERS only — it is what this company is being compared to — and per column, over the peers that actually report each measure.

CompanyMkt cap (USD)P/EEV/FCFP/BROICOp marginDiv yield
Exxon Mobil XOM$664.5bn20.3×29.8×2.6×10.1%12.4%2.9%
Chevron CVX$416.2bn20.2×27.7×2.2×5.4%10.7%5.1%
PetroChina (Class A) 601857$301.0bn12.7×17.6×1.3×10.7%8.4%5.6%
Petróleo Brasileiro S.A. - Petrobras PBR$277.0bn13.2×18.7×121.7%31.1%3.1%
Shell SHEL$267.8bn10.4×9.2×1.5×8.6%10.3%4.6%
TotalEnergies TTE$201.6bn13.4×21.4×1.8×8.0%9.9%4.8%
Eni SpA ADR E$168.6bn27.1×41.1×3.0×3.4%6.1%4.5%
Peer median$272.4bn13.3×21.4×2.2×9.4%10.1%4.5%

A comparable set says what the market is paying for similar businesses today, not what any of them is worth. It is a cross-check on the model above, not a substitute for it.

Deep research

No deep research yet for Chevron

A full deep-dive (business, moat, risks, valuation and scenarios) hasn't been generated for this company yet.

Primary sources · raw filings · company announcements

News & Filings

Source documents straight from the database — click to read the raw filing or release — beside the issuer's own releases and dated events, newest first. Our read on what matters lives in Recent developments.

Filings & source documents
AV
Mike Wirth fireside Q&A at 42nd annual Bernstein SDC May 28, 2026 webcast and transcript
WebcastCompany IR · 2026 FY
Open in viewer →
ER
2Q 2026 Chevron earnings July 31, 2026 the press release
CurrentCompany IR · 2026 Q2 · published 2026-07-31
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ER
Earnings release (8-K item 2.02) Q2 FY2026 — filed 2026-07-31
CurrentCompany IR · 2026 Q2 · published 2026-07-31
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8-K
Current report (8-K)
CurrentFiled 2026-07-31 · period 2026-07-31
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ER
the full press release with tables
CurrentCompany IR · 2026 Q2
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ER
preliminary voting results
CurrentCompany IR · 2026 Q2
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Q
Quarterly report Q2 2026
QuarterlyCompany IR · 2026 Q2
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ER
Chevron confirms oil discovery at Bandit prospect in Gulf of America the press release
CurrentCompany IR · 2026 Q2
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8-K
Current report (8-K)
CurrentFiled 2026-05-29 · period 2026-05-27
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8-K
Current report (8-K)
CurrentFiled 2026-05-29 · period 2026-05-27
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ER
Earnings release (8-K item 2.02) Q1 FY2026 — filed 2026-05-01
CurrentCompany IR · 2026 Q1 · published 2026-05-01
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ER
1Q 2026 Chevron earnings May 01, 2026 the press release
CurrentCompany IR · 2026 Q1 · published 2026-05-01
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8-K
Current report (8-K)
CurrentFiled 2026-05-01 · period 2026-05-01
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ER
April 13, 2026 Chevron consolidates Venezuela heavy oil position in asset swap the press release
CurrentCompany IR · 2026 Q2 · published 2026-04-13
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8-K
Current report (8-K)
CurrentFiled 2026-04-09 · period 2026-04-09
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DEF 14A
Proxy statement
ProxyFiled 2026-04-07 · period 2026-05-27
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ER
the full press release with tables
CurrentCompany IR · 2026 Q1
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8-K
Current report (8-K)
CurrentFiled 2026-03-25 · period 2026-03-25
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ER
Chevron awarded four offshore leases for Greece exploration blocks February 16, 2026 the press release
CurrentCompany IR · 2026 Q1 · published 2026-02-16
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ER
Chevron enters Libya with new block award as part of broader exploration growth strategy February 11, 2026 the press release
CurrentCompany IR · 2026 Q1 · published 2026-02-11
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ER
8-K earnings release 2026-01-30
CurrentCompany IR · 2026 · published 2026-01-30
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8-K
Current report (8-K)
CurrentFiled 2026-01-30 · period 2026-01-28
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8-K
Current report (8-K)
CurrentFiled 2026-01-30 · period 2026-01-30
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8-K
Current report (8-K)
CurrentFiled 2026-01-27 · period 2026-01-27
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AV
2026 2Q Earnings Conference Call
WebcastCompany IR · 2026
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AV
2026 2Q Earnings Conference Call Presentation with Prepared Remarks
WebcastCompany IR · 2026
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AV
see our latest results
WebcastCompany IR · 2026
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AV
Jeff Gustavson fireside chat at J.P. Morgan Natural Resources Conference June 23, 2026 webcast and transcript
WebcastCompany IR · 2026
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AV
Energy in progress
WebcastCompany IR · 2026
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AV
Carbon capture and storage
WebcastCompany IR · 2026
Open in viewer →
AV
Sustainability
WebcastCompany IR · 2026
Open in viewer →
AV
Our leadership
WebcastCompany IR · 2026
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AV
2026 1Q Earnings Conference Call Presentation with Prepared Remarks
WebcastCompany IR · 2026
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AV
1Q 2026 Chevron Earnings Conference Call
WebcastCompany IR · 2026
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AV
2026 1Q Earnings Conference Call
WebcastCompany IR · 2026
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AV
1Q 2026 Chevron Earnings Conference Call
WebcastCompany IR · 2026
Open in viewer →
AV
Our brands
WebcastCompany IR · 2026
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AV
Investor relations
WebcastCompany IR · 2026
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AV
Stock information
WebcastCompany IR · 2026
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AV
Who we are
WebcastCompany IR · 2026
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🔒
114 more filings, 1998–2025
Archive17 earlier years on file
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Company announcements
Investor calendar · earnings & events

Calendar

Upcoming and recent investor events — results, AGM, dividend and ex-dividend dates — from the company's own investor calendar.

Listings · this company across markets

Listings

Every place this issuer trades — the home listing, foreign cross-listings and depositary receipts (ADR/CDR/BDR), plus any separate share classes. The screener shows one canonical line per company; the rest live here.

ListingExchangeTickerCurrencyPriceType
Technical analysis · price action & momentum

Technicals

Interactive price chart with the common technical-analysis overlays and indicators — moving averages, Bollinger Bands, volume, RSI and MACD — plus an at-a-glance momentum summary. Use the chart's own toolbar to add or remove studies, change timeframe, or search a different listing.

A note on method: PrimerIQ's research is built bottom-up from the filings — what a business earns and what it's worth. The charts below read price history, not the business; we include them because many investors want them, not because they drive our valuation. Treat them as one lens among several.

Momentum summaryMomentum74
3-month return+2.3%
6-month return+11.3%
1-year return+32.7%
vs 52-week high-7.7%
vs 50-day MA+5.7%
vs 200-day MA+11.3%
volume vs base-16.6%

Relative strength percentile: 73 vs market, 56 vs industry. Momentum rank is a 0–100 percentile across 36,468 companies — one lens, not a valuation signal.

Charts and technical data by TradingView. Not investment advice.

Not on your plan

Earnings calls

The webcast audio itself, transcribed in full, with the structural signals the transcript text alone loses — how scripted rather than spontaneous the language is, where management hesitated longest, and which answers were most hedged.

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